Examples of Applicable Credit Rating in a sentence
Cash Accounts will only be opened with licensed banks that satisfy the Applicable Credit Rating.
The Company reserves the right to establish Cash Accounts with any licensed bank which satisfies the Applicable Credit Rating.
Prior to a meeting or discussion with an Applicable Credit Rating Agency to seek a Rating Confirmation, the Owner agrees not to provide or discuss the Rating Review Package (or any similar compilation or individual aspect of similar information related to the Project) to any Applicable Credit Rating Agency without the express prior written consent of the Developer.
To so elect, the Owner shall provide the Developer with ten (10) days’ written Notice of such election (a “Nonparticipation Election”) with such Nonparticipation Election delivered to the Developer within five (5) Business Days of the date that is the later of the completion of the Development Overview or the last date upon which the Owner receives a Rating Confirmation from an Applicable Credit Rating Agency.
Promptly after any senior financial or legal officer of either Credit Party obtains knowledge thereof, notice of any change in the Applicable Credit Rating assigned by either Rating Agency.